What to do with earned interest ? : using interest to pay interest : [1]

Fatawa Question

Assalamu Alaikum may al-might Allah reward you for your nice guidance to questioners. My brother in-law has taken loan from bank and he has to pay interest on his bank loan. In the meantime I have interest money in my nre account which I am not using. So can I pay my interest money for my brother in-law's bank interest.

Fatwa

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Publication Date

2002-05-23

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726227

American Psychological Association (APA)

Qahf, Mundhir. 2002-05-23. What to do with earned interest ? : using interest to pay interest : [1]. .
https://search.emarefa.net/detail/BIM-726227

Modern Language Association (MLA)

Qahf, Mundhir. What to do with earned interest ? : using interest to pay interest : [1]. 2002-05-23.
https://search.emarefa.net/detail/BIM-726227

American Medical Association (AMA)

Qahf, Mundhir. 2002-05-23. What to do with earned interest ? : using interest to pay interest : [1].
https://search.emarefa.net/detail/BIM-726227